Sentence examples for theory of consumption from inspiring English sources
Likewise, Galbraith's theory of consumption, though it seems plausible and probably describes some behavior, collides with most everyday observation.
The standard version of the consumption function emerges from the "life-cycle" theory of consumption behaviour articulated by economist Franco Modigliani.
That is at odds with the life-cycle theory of consumption, which says that the young amass wealth so that they can spend it in old age.
His fundamental contributions to the theory of consumption, savings, and the measurement of economic well-being transformed the field of applied and development economics.
Most people are in debt at some stage of their lives; indeed the life-cycle theory of consumption states that it is virtually inevitable.
His work aimed primarily at a professional audience — the permanent income theory of consumption, the case for flexible exchange rates, the natural rate (even if it does break down at low inflation), the optimum quantity of money — was often, maybe even usually, brilliant, and will live on.
Areas covered will include employment, income and interest rate determination as well as theories of consumption, investment, pricing, money and production.
But it should be clear that, in hindsight, the dominant textbook economic theories of consumption look almost as toxic as some of the credit products that ultimately caused the crisis.
But the "Rajan hypothesis" also contradicts the dominant textbook theories of consumption, which see no link between persistent income inequality and aggregate private consumption, and hence no need for government action stimulating consumption demand and jobs in response to higher inequality.
Ms. Friedman's early economics research on consumer spending data found its way into her husband's early book "A Theory of the Consumption Function".
Macroeconomists tend to use a simplified version of the optimization framework called the "permanent income hypothesis," whose origins trace back to economist Milton Friedman's treatise A Theory of the Consumption Function (1957).
